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The Economics Of Shadow Pricing: Market Distortions And Public Investment

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  • Warr, Peter G.

Abstract

This paper explores the background to an important issue in applied welfare economics -- how the commodities used and produced by public projects should be valued in choosing among alternative modes of production.

Suggested Citation

  • Warr, Peter G., 1974. "The Economics Of Shadow Pricing: Market Distortions And Public Investment," Staff Papers 14116, University of Minnesota, Department of Applied Economics.
    • Handle: RePEc:ags:umaesp:14116
    DOI: 10.22004/ag.econ.14116
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    File URL: https://ageconsearch.umn.edu/record/14116/files/20916.pdf
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    References listed on IDEAS

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    1. repec:bla:econom:v:40:y:1973:i:160:p:410-15 is not listed on IDEAS
    2. Hollis B. Chenery, 1965. "Comparative Advantage and Development Policy," Palgrave Macmillan Books,, Palgrave Macmillan.
    3. Hurwicz, Leonid, 1973. "The Design of Mechanisms for Resource Allocation," American Economic Review, American Economic Association, vol. 63(2), pages 1-30, May.
    4. Sen, Amartya K, 1972. "Control Areas and Accounting Prices: An Approach to Economic Evaluation," Economic Journal, Royal Economic Society, vol. 82(325), pages 486-501, Supplemen.
    5. Tinbergen, Jan, 1995. "The Duration of Development," Journal of Evolutionary Economics, Springer, vol. 5(3), pages 333-339, September.
    6. Dasgupta, Partha S & Stiglitz, Joseph E, 1974. "Benefit-Cost Analysis and Trade Policies," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 1-33, Jan.-Feb..
    7. Edmar Bacha & Lance Taylor, 1971. "Foreign Exchange Shadow Prices: A Critical Review of Current Theories," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 85(2), pages 197-224.
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